From Savings to Debt
5 Articles
5 Articles
Savings depletion occurs when people increasingly use their savings to meet their needs, because their ability to accumulate savings is increasingly limited.
47.7% of Argentine households do not reach the end of the month and must resort to savings or debts to survive, according to a report prepared by the Instituto Argentina Grande (IAG). Faced with the need for greater funds to meet daily expenses, 36.1% of households resorted to savings to reach the end of the month. This record represents the highest value of the last ten years, with the only exception of 2024. It may interest you: Union for the …
Nearly Half of Argentine Households Do Not Reach the End of the Month and Resort to Savings or Debts
A report by the Argentine Grande Institute noted that 3.7 million households use their savings and 2.5 million are in debt to cover day-to-day expenses.
President Javier Milei again defended the economic direction of his government this Sunday and questioned the claims about the difficulties of Argentines to reach the end of the month. He did so through his social networks, where he shared a fragment of the program “La Noche de Mirtha.” In the publication, the president said that “the capitalistic stupidity of ‘people don’t reach the end of the month’ falls to pieces” and said that it is a “ridi…
Buenos Aires, 23 August (NA) -- 47.7% of Argentine households do not reach the end of the month and must resort to savings or debts to survive, according to a report prepared by the Argentine Grande Institute (IAG). Faced with the need for greater funds to meet daily expenses, 36.1% of households resorted to savings to reach the end of the month. This record represents the highest value of the last 10 years, with the only exception of 2024. Thus…
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